Hive is a blockchain-based invoice financing platform. HVN token holders have autonomy over invoices on the Hive platform and have sufficient financial records on the Hive blockchain to be able to obtain credit scores for physical stores. Hive (HVN) uses block allocation (distributed ledger) technology to provide a unique fingerprint for each issued invoice. This enables businesses to automate the invoicing process and make it available to the public. We created a central database for all invoices with a record of issuer, owner and payer. Therefore, invoices can be made available to the marketplace for transactions. This will rapidly increase the liquidity of funds available to small businesses and create a central database of invoices that can be used for scoring and auditing. In addition to bridging the liquidity gap for small businesses, the technology provided by Hive will help companies conduct credit checks and facilitate fast and real-time audits.

Project Highlights

By applying blockchain technology to factoring, the Hive project platform will create a distributed and efficient public ledger, opening up new sources of financing for SMEs. A public blockchain ledger accessible through the Hive Project platform ensures cryptographic protection of all accounting entries and eliminates any duplication. The Hive Project's powerful algorithms use the blockchain's "source of truth" to provide the market with financial data about small businesses and third parties it can rely on.

Application scenario

The company's financial data is uploaded to the blockchain. The distributed ledger provides a transparent and immutable record of the company's financial data in one place.
The company owns financial data on the blockchain and monetizes its advantages when looking for liquidity. As blockchain technology solves the "trust" problem in the business world, this will allow small businesses to gain faster and more liquidity.
Access to more reliable data by third parties increases access to funds for those seeking liquidity. The three-entry accounting (real-time financials) provided by the Hive project platform provides creditors with reliable information about the credit score of the borrower. Increased confidence in borrowers' financial health reduces risk premiums and lowers the cost of accessing liquidity.

Related links:
http://www.120btc.com/baike/coin/5913.html
https://info.binance.com/cn /currencies/hive-project

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